CT SB00020

Legislative Program Review and Investigations Committee shall conduct a study of the assessment methodology used by the Insurance Department and Office of the Healthcare Advocate for their funding under sections 38a-47 and 38a-48 of the general statutes

Study shall examine the effects of expanding the assessment methodology to include alien and foreign insurance companies doing business in the state on both those companies and domestic insurance companies

Study shall review funding mechanisms used by other states to fund their insurance regulatory agencies

Committee shall submit a report of findings to the joint standing committee having cognizance of insurance matters no later than January 1, 2013

Act takes effect immediately upon passage